Japan JICA, Board of Investment sign accord on joint survey to improve Karachi investment climate

Islamabad: Japan International Cooperation Agency JICA and Board of Investment BOI Friday signed agreement to conduct joint survey to improve investment climate in Karachi. It was signed by Takatoshi Nishikata JICA Chief Representative & Saleem Mandviwalla Minister of State & Chairman, BOI.

The survey will focus on industrial area around Port Qasim by identifying bottlenecks in attracting investment and propose action plans for solution. It will cover administrative regulations, permissions, authorization on corporate activities. The scope of survey also encompass industrial infrastructure project especially in transportation and power sector.

It is expected to open opportunities for foreign investors including Japanese to invest in Pakistani market. JICA Investment Climate Improvement Advisor, Masao Nagase is working with BOI by suggesting ways to improve investment climate in Pakistan. Under initiative of Advisor and with BOI cooperation, Japanese investors submitted Problem-Analysis & Solution Action to BOI covering requests from Japan investors. To materialize proposals, BOI is making efforts to improve investment climate.

A team of experts will visit Pakistan by end of this year and JICA intends to send Pakistani officials working in BOI on training to Japan for capacity building and enhance their horizon on investment climate improvement in Pakistan.

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